Oil exporters surpluses and their deployment

Quarterly Bulletin 1985 Q1
Published on 01 March 1985

This article revises and updates to 1983 a survey of the foreign assets of the oil exporting countries (OECs) published in the June 1980 Bulletin which looked at the period 1974 to 1979. The main features are:

  • a brief description of the GECs' current account, which went very sharply into surplus in 1974 and again in 1979-80 following sharp rises in the price of oil;
    an examination of the changing structure of the oil exporters' portfolio, which shows that the initial adjustment to current account movements was primarily in changes in liquid asset holdings and borrowing;
  • an examination of the changing structure of the oil exporters' portfolio, which shows that the initial adjustment to current account movements was primarily in changes in liquid asset holdings and borrowing;
  • consideration of the disposition of the portfolio among industrial countries.

OtherOil exporters surpluses and their deployment


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